The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (158482)	10/19/2008 6:02:15 PM
From: ahhaha	Read Replies (1) of 306849

I will answer it. FICA taxes went up as a percentage of total taxes, Is that true? No. In fact, the claim is incoherent. decimating the real income of the lower and middle classes Does that follow by any stretch of exaggeration? No. In fact, it's explicitly false regardless of how one wants to look at it. The wealth circumstances of 99.99% of Americans have grown every year. acting to drop their share of total income. I'm sure the guy intended to say, "their fair share". Wouldn't this imply falling DPI? Yes. Is that the case? No. It's what caused this mess - the top cohort had more income than they knew what do with, even after buying 2nd and 3rd houses and big yachts, so they pushed intermediaries to loan it out to anyone with a pulse. What would this guy do if he won the lottery? Buy houses and yachts and then lend to anyone guaranteed by the US government, but mostly, he'd try to avoid paying his fair share.

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